(1) Max out 401ks - $33,000
(2) Max out IRAs - $10,000
(3) Prepay mortgage - $1200
(4) Add to baby fund - $3500
(5) Add to emergency fund - $7000
(6) House/Furniture fund - $3000
Total - $57,700
(1) - $20,014 (61%) (goal is $33,000)
(2) - $10,000 (100%) (goal is $10,000)(Completed)
(3) - $800 (67%) (goal is $1200)
(4) - $2805 (80%) ($9305 in our baby fund, goal is $10,000)
(5) - $1739 (12%) ($27,433 in our emergency fund, goal is $32,000)
(6) - $3000 (100%) (Completed)
Total - $38,358 (66%)
We are just a smidge behind. Should be able to close out the baby fund goal this month. We are on target, with our monthly savings, to max out our 401k and complete our prepayment goal on the mortgage.
The real problem is the emergency fund, which is about to get worse (I'll post about that this week).
1 comment:
Hi. I apologize if you've recently written about this (though I didn't see it in your archives), but could you elaborate on your "baby fund"? Also, as a woman in my 30s we are weighing the risk of delaying a family due to financial needs (although we're already in very good shape), with the chance that it could lead to problems getting pregnant, pregnancy complications, infertility treatments, etc. I'd love your thoughts on this. Thanks!
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